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Note 11 - Stockholders' Equity
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Equity [Text Block]

11. Stockholders Equity

 

Share Repurchase Program

 

On February 21, 2024, our Board of Directors authorized the repurchase of up to $50.0 million of the Company’s common stock through transactions on the open market, in privately negotiated purchases or otherwise until February 21, 2025. The repurchase program may be suspended or discontinued at any time. To date we have not made any repurchases under this program.

 

 

Dividends

 

In February 2011, our Board of Directors approved a policy for the payment of quarterly cash dividends on our common stock. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by our Board of Directors on a quarterly basis. The dividend activity for the periods presented is as follows:

 

Record Date

 

Payment Date

 

Per Share Amount

   

Dividend Payment

 
               

(in thousands)

 

Fiscal Year 2024

                   

March 14, 2024

 

March 28, 2024

  $ 0.16     $ 3,589  

May 16, 2024

 

May 30, 2024

  $ 0.16     $ 3,593  
                     

Fiscal Year 2023

                   

March 9, 2023

 

March 23, 2023

  $ 0.14     $ 3,099  

May 17, 2023

 

June 1, 2023

  $ 0.14     $ 3,116  

August 17, 2023

 

August 31, 2023

  $ 0.14     $ 3,117  

November 16, 2023

 

November 30, 2023

  $ 0.14     $ 3,117  

 

On July 25, 2024, our Board of Directors approved a quarterly cash dividend on our common stock of $0.16 per share payable on August 29, 2024, to stockholders of record at the close of business on August 15, 2024.